Page 5 - Unemployment In India

Reflects success: MoHRE as over 6.6 mn subscribe to Unemployment Insurance

The Scheme ensures social protection for workers - citizens and residents - in the federal government and private sectors, as it provides three-month compensation amounts for the insured

Unemployment rate in October rises to more than two-year high, says CMIE

The weakest monsoon rains in five years is weighing on farming output in the world's second-biggest producer of rice, wheat and sugar

EPFO's investible corpus crosses Rs 21 trn in FY23, ETF investments at 9.2%

The total investible corpus under the social security organisation has nearly doubled in the past five years. Earlier in FY19, the total corpus had stood at Rs 11.1 trillion

Tackling urban poverty

India's informal sector is a potent force for change and policymakers need to unlock its potential

Unemployment rate in India at its lowest level in 6 years: PM Modi

Prime Minister Narendra Modi on Thursday said India's expanding economy is creating new possibilities for the youth and the unemployment rate in the country is at its lowest level in the last six years. In a video message to the Kaushal Deekshant Samaroh of the Ministry of Skill Development and Entrepreneurship, the prime minister noted that new possibilities are being created for the youth as India's economy is expanding. He said that employment creation in India has reached a new height and the unemployment rate in India is at its lowest level in 6 years according to a recent survey. Noting that unemployment is decreasing rapidly in both rural and urban areas of India, the prime minister emphasised that the benefits of development are reaching both villages and cities equally, and as a result, new opportunities are increasing equally in both villages and cities. He also pointed out the unprecedented increase in the participation of women in India's workforce and credited the impa

Salaried employment slips in 12 major states, UTs, shows PLFS data

It's widely held that salaried roles, which guarantee consistent wages, offer better job security than casual positions or self-employment

India's jobless rate at 6-year low; wage employment share shrinks

The unemployment rate under the so-called "usual status" during the one-year period declined for the fifth consecutive year since its launch in April 2017

Urban jobless rate falls for second consecutive quarter to 6.6 % in Q1

The jobless rate in urban areas had been on a continuous decline since the high of 12.6 per cent recorded in the Covid-affected April-June quarter of FY22

As firms go on hiring freeze, freshers looking for jobs hit record-high

As many as 2.6 million freshers were actively looking for job opportunities in the last 30 days

Rural reprieve pushed India's unemployment rate to 1-year low in Sept: CMIE

The overall joblessness rate slid to 7.09% last month, from 8.10% in August, data from private research firm Centre for Monitoring Indian Economy showed.

Job creation remains a work in progress in four poll-bound states

A full-time 'government job', but job creation remains a work in progress in poll-bound states, in particular

Unemployment rate in India lowest among developing nations: Union Minister

Unemployment rate in India is the lowest among the developing countries and Pradhan Mantri Mudra Yojana (PMMY) has helped in achieving this self-sustaining employment, Union Minister of State for Chemicals and Fertilizers Bhagwanth Khuba said on Saturday. Khuba was speaking at a Rozgar Mela here where he handed over the appointment letters to 135 candidates. Youths from Telangana and Andhra Pradesh who secured jobs in Central government organisations and departments like AIIMS, LIC and Bank of Baroda received appointment letters from the Union Minister on the occasion, an official release said. Khuba said the Rozgar Melas being organised by the Central government are in line with the wishes of Prime Minister Narendra Modi to ensure transparency and corruption-free recruitment process. Corruption and biases used to happen in recruitment earlier, he alleged. Post pandemic, India has achieved 7.2 per cent GDP growth rate which is the highest in the world. Even economic powerhouses li

Unemployment narrative wrong; disadvantage due to lack of skills: MoS IT

Union Minister Rajeev Chandrasekhar on Friday said the narrative around unemployment in the country is not correct, as the Narendra Modi-led government is dealing with a "legacy problem" since it came to power in 2014 when 31 crore of 42 crore Indians at the workplace were unskilled. "This narrative about unemployment is not correct because there are a lot of jobs and micro-entrepreneurial opportunities being created, but they require skills," Chandrasekhar, the Union minister of state for skill development and entrepreneurship, said. "And why a lot of Indians today find themselves at a disadvantage, is that around 2014, of the 42 crore Indians in the workforce 31 crore were unskilled. Three out of four Indians after 65 years of Independence were left to fend for themselves without skills in the workplace and the last nine years we are dealing with that," he observed. The minister said, "In a way, a legacy problem is being solved" through skills in the National Education Policy. He

Weak rural labour market pushes India's unemployment rate above 8%

The unemployment rate jumped to 8.45% in June from 7.68% in the previous month, according to the Centre for Monitoring Indian Economy Pvt. While unemployment in urban areas eased to 7.87% last month

Unemployment rate dips 7.7% in May on decline in labour participation: CMIE

The unemployment rate in India fell to 7.7 per cent in May due to a decline in the labour participation at 441.9 million, according to a data released by private economic think tank CMIE. Unemployment rate in India among people aged 15 years and above fell to 7.7 per cent in May 2023, from 8.5 per cent in the previous month, CMIE's Natasha Somayya K said in an analysis on its website. The unemployment rate inched down as a consequence of a fall in the labour participation, which implies a fall in the number of people who entered the labour market in search of work. Compared to April, labour participation rate (LPR) fell by 1.1 percentage point to 39.6 per cent in May, she said. "This drop in LPR in May was expected because April witnessed a large number of people entering the labour force but only a small share was able to secure employment in the month. This was bound to discourage many from searching for work in the month of May. As a result, the labour force shrunk in size from

Unemployment among urban youth down in Q4FY23 but still elevated at 17.3%

The unemployment rate among the youth in urban India stood at 20.2 per cent in the year-ago period

India's urban unemployment rate falls to 6.8% in Q4, shows govt data

The jobless rate in urban areas had been on a continuous decline since the peak of 20.8% in the April-June quarter of FY21

Unemployment rate declines to 6.8% in January-March 2023: NSO survey

Male unemployment fell to 6 per cent in Q4 from 6.5 per cent the previous quarter, while female unemployment fell to 9.2 per cent from 9.6 per cent in the October-December period

Changes in recruitment system ended corruption, nepotism, says PM Modi

Prime Minister Narendra Modi asserted on Tuesday that changes brought in by his government in the recruitment system have ended the possibility of corruption and nepotism as he gave away appointment letters to over 71,000 people at a 'Rozgar Mela'. From applying for government jobs to the announcement of results, the entire process has been made online, he said while elaborating on employment opportunities and infrastructure development ushered by the BJP dispensation at the Centre in the last nine years. "The possibility of corruption and nepotism in recruitment for government jobs has now ended," Modi said. He referred to his recent meetings with CEOs of leading global companies, including Walmart, Apple, Foxconn and Cisco, to assert that there is "unprecedented positivity" about industry and investment in the country. The prime minister cited EPFO net payroll figures to say that over 4.5 crore people have got jobs since 2018-19 as formal employment has been growing. FDI and the

Worthless degrees are creating an unemployable generation in India

Half of all graduates in India are unemployable in the future due to problems in the education system, according to a study